Dublin, Nov. 27, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/pw3rv8/global_general) has announced the addition of the "Global General Lighting Market 2015-2019" report to their offering.

The analysts forecast the Global General Lighting market to grow at a CAGR at a CAGR of 5.33% and 4.42% in terms of revenue and unit shipment, respectively, during the period 2014-2019.

The scope of the report includes general lighting at the light source, fixture, and systems control component levels. Light sources are bulbs or tubes in traditional lighting, and LED modules in LED lighting. However, revenue generated from lighting control systems are excluded while considering the application and technological segmentations of various geographies in the report. The report also includes a discussion of the key vendors operating in this market.

One key trend witnessed in the market is the increased market penetration of LEDs. The high rate of penetration can be mainly attributed to the fact that LEDs are considered an energy-efficient lighting source compared with traditional lighting sources.

According to the report, one of the major drivers of this market is the increase in the number of households worldwide. The rapid urbanization taking place in emerging economies has resulted in a drastic increase in the number of households that require lighting sources. The Residential segment is the major revenue contributor in the Global General Lighting market. Therefore, the growth in the Residential segment is analogous to the growth in this market.

Further, the report states that a ban on the usage of incandescent lamps in some markets is one of the key challenges that the market faces. The governments of various countries worldwide have introduced stringent regulations to ban the use of incandescent lamps. As a result, sales of incandescent lamps will drastically reduce during the forecast period, thereby having a negative impact on vendors and market growth.

To calculate the market size, it considers revenue generated from the sales of general lighting products in the following application segments:

• Residential
• Architectural
• Hospitality
• Industrial
• Office
• Outdoor
• Shops

Key Vendors

• GE
• Koninklijke Philips
• Panasonic
• Schneider Electric

Other Prominent Vendors

• Acuity Brands
• Advanced Lighting Technology
• Bridgelux
• Citizens Electronics
• Cooper Lighting
• Cree
• Dialight
• Digital Lumen
• Energy Focus
• Everlight Electronics
• Intematix
• Lemnis Lighting
• LG Innotek
• Luminous Devices
• Luxim
• Nexxus Lighting
• Nichia
• NVC Lighting
• OSRAM Opto Semiconductors
• Samsung
• Seoul Semiconductors
• Toshiba
• Toyoda Gosei
• Zumbtobel Group
  

For more information visit http://www.researchandmarkets.com/research/pw3rv8/global_general

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